Existing Home Sales Rise in November; Purchases Since 2007 Revised Down
Existing home sales rose 4% in November to an annual rate of 4.42 million homes, but sales figures since 2007 were revised down, the National Association of Realtors said Wednesday.
December 21, 2011North East Expedite Logistics Acquired by Action Products
Holding company Action Products International on Wednesday announced its acquisition of North East Expedite Logistics, a provider of transportation and logistics services on the East Coast.
December 21, 2011Oil Rises for Third Day as Crude, Diesel Inventories Decline
Oil rose for a third day Wednesday as a Department of Energy report showed crude inventories plunged last week, Bloomberg reported.
December 21, 2011Navistar’s 4Q Income Jumps
Navistar International Corp.’s fourth-quarter net income jumped to $275 million, from $56 million a year ago on higher truck, engine and military sales, the company said Tuesday.
December 20, 2011Snowstorm Closes Highways in Southwest and Great Plains
A heavy snowstorm that has closed highways in five states continued to move across the Southwest and Great Plains on Tuesday, the Associated Press reported.
December 20, 2011Diesel Falls 6.6¢ to $3.828 in Largest Drop Since May 2010
Diesel dropped 6.6 cents to $3.828 a gallon, its fourth straight downturn and the biggest decline in more than a year and a half, the Department of Energy said.
December 20, 2011Housing Starts Climb to Highest Level Since April 2010
Housing starts jumped 9.3% in November to their highest level in more than a year and a half, the Commerce Department said Tuesday.
December 20, 2011Volvo, Mack Name North American Executives
Volvo Trucks and Mack Trucks named new presidents of their respective North American sales and marketing divisions, effective Jan. 1.
December 20, 2011Trucking Shares Rode Roller Coaster Along With a Volatile Stock Market
Trucking equities joined the rest of the stock market in going through sharp volatility this year — improving, crashing and then clawing their way back — so that as 2011 drew to a close, six key indexes had moved less than 8% up or down over the course of 12 months.
December 19, 20112011: A Year of Industry Expectations Met and Unmet
For truckers, 2011 was a year full of expectations. Some of them were fulfilled, but many were not. The economy continued to grow, but slowly, and not enough to put a serious dent in unemployment. However, there was enough growth to put trucks back on the road and allow carriers to raise freight rates.
December 19, 2011